B&M European Value Retail (LON:BME) Price Target Cut to GBX 230 by Analysts at Canaccord Genuity Group

B&M European Value Retail (LON:BME) had its target price trimmed by Canaccord Genuity Group from GBX 245 to GBX 230 in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of B&M European Value Retail from GBX 163 to GBX 170 and gave the company an “underweight” rating in a research note on Friday. Berenberg Bank lowered their price objective on shares of B&M European Value Retail from GBX 450 to GBX 300 and set a “buy” rating on the stock in a research report on Thursday, December 4th. Jefferies Financial Group cut their target price on shares of B&M European Value Retail from GBX 260 to GBX 175 and set a “hold” rating for the company in a research report on Thursday, November 20th. Citigroup reduced their target price on B&M European Value Retail from GBX 290 to GBX 225 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on B&M European Value Retail from GBX 250 to GBX 235 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 213.13.

B&M European Value Retail Price Performance

LON:BME opened at GBX 161.60 on Friday. B&M European Value Retail has a 52-week low of GBX 154 and a 52-week high of GBX 350. The stock has a fifty day moving average of GBX 165.11 and a 200 day moving average of GBX 204.34. The company has a debt-to-equity ratio of 315.77, a quick ratio of 0.38 and a current ratio of 1.06. The firm has a market capitalization of £1.62 billion, a price-to-earnings ratio of 6.54 and a beta of 1.05.

B&M European Value Retail (LON:BME) last released its quarterly earnings results on Thursday, November 13th. The company reported GBX 7.20 earnings per share for the quarter. B&M European Value Retail had a return on equity of 43.85% and a net margin of 5.81%. On average, research analysts expect that B&M European Value Retail will post 38.4814815 EPS for the current fiscal year.

Insider Transactions at B&M European Value Retail

In related news, insider Tjeerd Jegen purchased 31,850 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of GBX 155 per share, with a total value of £49,367.50. In the last 90 days, insiders purchased 123,950 shares of company stock worth $19,757,500. 22.79% of the stock is owned by company insiders.

Key B&M European Value Retail News

Here are the key news stories impacting B&M European Value Retail this week:

• Positive Sentiment: Shore Capital reaffirmed its “buy” rating on BME, maintaining analyst support for the shares despite recent headwinds. Read More.
• Neutral Sentiment: JPMorgan raised its price target from GBX 163 to GBX 170 but kept an “underweight” rating — a modestly higher target but still a cautious stance from a large broker, which may limit upside from institutional buyers. Read More.
• Negative Sentiment: B&M cut profit guidance after increased investments in pricing and clearance activity, citing margin pressure from those actions — this operational outlook change is the most direct negative catalyst for the share move. Read More.
• Negative Sentiment: Canaccord Genuity trimmed its price target from GBX 245 to GBX 230 but kept a “buy” rating, signaling reduced upside expectations after the company’s guidance and margin actions. Read More.
• Negative Sentiment: Deutsche Bank lowered its price target from GBX 180 to GBX 175 while maintaining a “buy” rating — another analyst cut to targets that adds downward pressure on sentiment. Read More.

B&M European Value Retail Company Profile

B&M European Value Retail SA operates general merchandise and grocery stores. The company operates a chain of stores under the B&M, Heron Foods, and B&M Express in the United Kingdom; and stores under the B&M brand in France. It also provides property management services. The company was founded in 1978 and is based in Munsbach, Luxembourg.